Who originates a mortgage matters, the borrower is entitled to somewhat of an implied warranty dealing with an institutional lender that their loan will be treated as required under that institution's regulatory requirements, subsequent holders treat the note under the requirements of that type of note, for example; an FHA loan will be subject to FHA requirements, a HELOC from a state bank will fall under FDIC, a private loan from an individual falls under state law. 

It's such a small operation I doubt it will impact much, but I agree with @Fernando Parker that the credit counseling and other financial education could be the bigger success.Banks are now so limited to what they can do (I can't even imagine all the regulatory red tape they have to deal with!) 

And with the planned decrease in federal regulatory and tax burden on businesses, most forecasters are predicting continued, steady growth.

Almost every government regulatory algorithm starts with base pattern disruptions relative to geographical areas, and throwing small fish in the cooler is a lot easier than catching that elusive marlin.

As far as industry abusers, every state has a regulatory board or commission that oversees practices of licensed agents and brokers.

I blew it up and still cannot read it - you'd be better off just writing up the details and putting them in the body of a forum posting on here.

Note that a bank can not sit on the property for ever as there is regulatory pressure to liquidate REOs.

For the right price I would even dispose of the body.

Anyone with any experience in developing similar projects, financing, navigating the regulatory environment, etc.

“Shortages of vacant developed lots and regulatory hurdles in Austin make it difficult for meaningful housing development activity to occur within Austin’s city limits.”This is a major issue to be addressed in CodeNEXT, the first major overhaul of Austin's land development code in 30 years:“Next to CodeNEXT, the City’s selection of a new city manager will have the single-greatest impact on the direction of our region’s future and the sustainability of Austin's housing market, so it’s critical that local community stakeholders and business leaders have the opportunity to weigh in on this important decision,” concluded Guthrie.